financetom
Business
financetom
/
Business
/
About 154,000 federal workers took Trump administration's buyout offers, source says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
About 154,000 federal workers took Trump administration's buyout offers, source says
Jul 31, 2025 9:35 AM

WASHINGTON (Reuters) -Roughly 154,000 federal employees have taken buyouts offered by the Trump administration this year, part of a broader push to slim the federal workforce, a person familiar with the matter said on Thursday. 

The resignations, which amount to 6.7% of the civilian federal workforce, are the result of a program launched in January by billionaire Elon Musk, a former adviser to President Donald Trump, with an email titled "Fork in the Road." The buyouts included staff at the Departments of Agriculture and Energy, and the Internal Revenue Service, among others. 

Similar buyout offers were made in the following months at different agencies.  The number of employees taking buyouts was first reported by the Washington Post.

In exchange for leaving, the administration agreed to pay the employees for several months after ceasing work, but all will be off federal payrolls by the end of the year, the person emphasized.

"In normal times, a 6.7% turnover rate would not be unusual for the federal government," said Don Moynihan, a professor at the University of Michigan's Ford School of Public Policy. "But these are not normal times. Along with the firing of probationary employees and other large-scale reductions in force, the deferred resignation program deeply cuts government capacity."

The White House and the Office of Personnel Management did not immediately respond to requests for comment. 

Attrition in the U.S. government's civilian workforce was 5.9%, or 116,000 workers, in 2023, according to the Partnership for Public Service, a non-profit that compiles statistics on federal staff.    

Employees opted into the buyout program amid plans from Trump and Musk to eliminate their jobs. Days after the administration closed its initial buyout offer, the administration fired tens of thousands of employees who were new to their jobs. Cabinet secretaries have promised more cuts in the coming months. 

The 154,000 workers who took buyouts do not include staff who were fired or opted into other programs to slash the federal payrolls, such as an incentive program to retire early. 

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Intchains to Raise $1 Million Via Direct Offering
Intchains to Raise $1 Million Via Direct Offering
Mar 26, 2025
08:30 AM EDT, 03/26/2025 (MT Newswires) -- Intchains Group ( ICG ) said Wednesday it has entered into a securities purchase agreement with an institutional investor for a direct offering of 361,011 American depositary shares, each representing two class A ordinary shares, priced at $2.77 per American depositary shares for gross proceeds of $1 million. The provider of altcoin mining...
Leap Therapeutics Says New Data Show Sirexatamab Improves Survival in Colorectal Cancer Trial
Leap Therapeutics Says New Data Show Sirexatamab Improves Survival in Colorectal Cancer Trial
Mar 26, 2025
08:31 AM EDT, 03/26/2025 (MT Newswires) -- Leap Therapeutics ( LPTX ) said Wednesday that updated findings from its phase 2 trial indicate that sirexatamab combined with bevacizumab and chemotherapy improves progression-free survival and overall response rate in patients with advanced colorectal cancer. Leap reported that patients with elevated DKK1 protein levels who were treated with sirexatamab in addition to...
Lightspeed Commerce Releases Growth Projections, Renews Share Reauthorization
Lightspeed Commerce Releases Growth Projections, Renews Share Reauthorization
Mar 26, 2025
08:32 AM EDT, 03/26/2025 (MT Newswires) -- Lightspeed Commerce ( LSPD ) said Wednesday it expects fiscal 2026 to fiscal 2028 consolidated gross profit growth at a three-year total compounded annual rate of about 15% to 18%, reaching around $700 million. Within its primary growth engines, the provider of point-of-sale software for retail outlets said it expects gross profit growth...
Everfox Partners With Palantir To Supercharge Military Tech: Details
Everfox Partners With Palantir To Supercharge Military Tech: Details
Mar 26, 2025
Palantir Technologies Inc. ( PLTR ) shares are trading nearly flat in the premarket session on Wednesday. Everfox, a cross-domain technology solutions provider, has entered into a strategic partnership with Palantir ( PLTR ) to support customers in classified network environments. Together, Palantir ( PLTR ) and Everfox are advancing national security through innovation, equipping warfighters with tools to maintain...
Copyright 2023-2025 - www.financetom.com All Rights Reserved